James Franco Poses in Drag for Candy Magazine

The actor/full-time college student graces the cover of Candy magazine in drag, with slicked-back hair, jewelry, long black gloves and heavy make-up (check out that eye shadow). Fashion photographer Terry Richardson shot the spread.

— only in its second issue — describes itself as the "first fashion magazine ever completely dedicated to celebrating transvestism, transexuality, cross dressing and androgyny, in all its manifestations."Franco, 32, recently posed for the September cover of The Advocate, in which he denied reports that he was gay and talked about sexuality in film. He played Scott Smith, boyfriend of Harvey Milk — the first openly gay man elected to public office — in 2008's Milk.

"Sure, I'd tell you if I was [gay]," he said. "I guess the reason I wouldn't is because I'd be worried that it would hurt my career. I suppose that's the reason one wouldn't do that, right? But no, that wouldn't be something that would deter me. I'm going to do projects that I want to do."Franco can currently be seen in Howl and in next month's action thriller 127 Hours.What do you think of the cover?